Posts Tagged ‘jobs’

Americans working full time work an average of 47 hours per week. Full time hourly employees work 44 hours a week. Other than a slight decline in 2003, full time employees have worked this many hours for more than a decade.

The unemployment rate fell .1% in January to 6.6%. The Labor Force Participation Rate rose to 63%. There were 232,000 fewer people unemployed for more than six months and 113,000 new jobs were added. For more information, see our Report.

This chart shows the probability various types of jobs will be largely automated in the next twenty years. Click through for a thorough investigation of robots and labor automation over the next few decades. In general, routine jobs will be increasingly automated, while emotional and human-judgement jobs will resist automation.

With a gain of 200,000 jobs per month, the US labor market will return to the previous peak employment level in three months. With a more modest 125,000 jobs per month it will take almost two years, but this is still an attainable gap.

Only 29% of millennials, those aged 18-31, who live with their parents are currently employed. In other words, This is out of the 36% of the generation who live at home. This is a substantial number of young people out of the job market.

Wages between $14 and $21 an hour, which are considered mid-wage jobs, have not yet recovered from their 2008 downturn. This provides further evidence of an increasingly bifurcating labor market with great increases on the top and the bottom.